Derivative

NOTE 9.  Derivatives
Types of Derivatives/Hedging Instruments and Inclusion in Income/Other Comprehensive Income
Cash Flow Hedges:
Three months ended June 30, 2009		Pretax Gain (Loss) Recognized in Other Comprehensive Income on Effective Portion of Derivative				Pretax Gain (Loss) Recognized in Income on Effective Portion of Derivative as a Result of Reclassification from Accumulated Other Comprehensive Income					Ineffective Portion of Gain (Loss) on Derivative and Amount Excluded from Effectiveness Testing Recognized in Income
(Millions)
Derivatives in Cash Flow Hedging Relationships		Amount				Location		Amount			Location		Amount
Foreign currency forward/option contracts		$		(65	)	Cost of sales		$	53		Cost of sales		$	—
Foreign currency forward contracts				19		Interest expense		16			Interest expense		—
Commodity price swap contracts				(9	)	Cost of sales		(10		)	Cost of sales		—
Total		$		(55	)			$	59				$	—
Six months ended June 30, 2009		Pretax Gain (Loss) Recognized in Other Comprehensive Income on Effective Portion of Derivative				Pretax Gain (Loss) Recognized in Income on Effective Portion of Derivative as a Result of Reclassification from Accumulated Other Comprehensive Income					Ineffective Portion of Gain (Loss) on Derivative and Amount Excluded from Effectiveness Testing Recognized in Income
(Millions)
Derivatives in Cash Flow Hedging Relationships		Amount				Location		Amount			Location		Amount
Foreign currency forward/option contracts		$		(32	)	Cost of sales		$	97		Cost of sales		$	—
Foreign currency forward contracts				28		Interest expense		19			Interest expense		—
Commodity price swap contracts				(24	)	Cost of sales		(19		)	Cost of sales		—
Total		$		(28	)			$	97				$	—
Fair Value Hedges:
Three months ended June 30, 2009		Gain (Loss) on Derivative					Gain (Loss) on Hedged Item
(Millions)		Recognized in Income					Recognized in Income
Derivatives in Fair Value Hedging Relationships		Location		Amount			Location		Amount
Interest rate swap contracts		Interest expense		$	(10	)	Interest expense		$	10
Total				$	(10	)			$	10
Six months ended June 30, 2009		Gain (Loss) on Derivative					Gain (Loss) on Hedged Item
(Millions)		Recognized in Income					Recognized in Income
Derivatives in Fair Value Hedging Relationships		Location		Amount			Location		Amount
Interest rate swap contracts		Interest expense		$	4		Interest expense		$	(4	)
Total				$	4				$	(4	)